The United States Has Fired The First Shot Of China'S Textile Polyester, Will The Order Be Pferred In Large Quantities?

In June 28th, the US International Trade Commission (USITC) made an affirmative termination of industrial damage to imports of fine denier polyester staple fibres (FineDenierPolyesterStapleFiber) imported from mainland China, India, Korea and Taiwan in China. It concluded that the products involved in mainland China, India, Korea and Taiwan in China constituted substantial damage or threat to the domestic industry of the United States.

In the ruling, 4 members voted in favour.

According to the affirmative ruling of the US International Trade Commission, the US Department of Commerce will issue an anti dumping duty order on products imported from mainland China, India, Korea and Taiwan.

The case involves the United States coordinating products under Tariff 5503.20.0025.

In May 31, 2017, American enterprises DAK Americas LLC, NanYa Plastics Corporation, America and Auriga PolymersInc, on behalf of the US domestic industry, applied to the US International Trade Commission and the US Department of Commerce for an anti-dumping investigation and countervailing investigation on imports of fine denier PET staple fibres from mainland China, India, Korea, Taiwan and Vietnam.

In June 21, 2017, the US Department of Commerce launched anti-dumping investigation on imports of fine denier PET staple fibres from mainland China, India, Korea, Taiwan and Vietnam, and launched a countervailing investigation on imported products from mainland China and India.

In July 13, 2017, the US Department of Commerce and the US International Trade Commission terminated the anti-dumping investigation of Vietnam's products involved in the case of anti-dumping applications filed by the US enterprises.

In July 14, 2017, the United States International Trade Commission made an affirmative initial damage to the anti-dumping industry of fine denier polyester staple imported from mainland China, India, South Korea and Taiwan. Meanwhile, it made a preliminary determination on the anti subsidy industry of imported products imported from mainland China and India.

In October 31, 2017, the US Department of Commerce announced that it had made a countervailing preliminary decision on imports of fine denier PET staple fibers from mainland China and India.

In December 19, 2017, the US Department of Commerce announced the initial anti-dumping decision on fine denier PET staple imported from mainland China, India, Korea and Taiwan, China.

In January 17, 2018, the US Department of Commerce announced that it would make countervailing orders on imports of fine denier PET staple fibres from mainland China and India.

In May 24, 2018, the US Department of Commerce announced that it had made anti-dumping orders on fine denier PET staple fibres imported from mainland China, India, Korea and Taiwan, China.

Sino US trade war + US dollar strong

How does the textile and garment industry act?

With the Sino US trade war starting, China and the United States have made adjustments in import tariffs, what will be the impact on China's textile and garment industry?

First of all, let's take a look at our domestic situation. China will increase the import tariff of US cotton, and last year, the sales of Xinjiang cotton is coming to an end. This will increase the price of high quality cotton yarn and dyed yarn.

Secondly, let's look at the United States. The first tax category in the United States has no textiles, but the increase in the latter tariff is bound to include textiles.

And what will this bring to our textile and clothing? We believe that the conventional knitted and woven garments of cotton and chemical fiber will be greatly affected.

These products have always been products with low added value. With the increase of tariffs, these products may be pferred to Southeast Asian countries, and domestic enterprises will lose the US market.

Men's cotton shirts, for example, account for about 14.5% of the market share in the United States, while Vietnam accounts for 12%.

Woven cotton cotton clothing, China's market share in the United States last year 22%, Bangladesh also reached 20%, and China's gap is shrinking.

After the tariff increases, I believe Vietnam and Bangladesh will quickly surpass us and become related categories.

Main force.

Roughly estimated, 45% textile products will be affected by the outbreak of Sino US trade war.

In terms of exchange rate, the strong trend of the US dollar ended in the 3 quarter. The 1 quarter GDP value released by the United States was disappointing, indicating that the US economy is now growing at an annual rate of 2%, lower than the previous 2.2%.

Coupled with the start of the trade war, the US population, especially farm practitioners, has slowed down in the 3 quarter as incomes have decreased and consumption increased, thus ending the strength of the US dollar.

Domestically, in the context of the current globalization of resources, the central bank will intervene in the RMB at the right time as the RMB enters SDR and the internationalization of RMB will continue. Therefore, I personally believe that RMB will return to 6.4 below the end of the year.

In terms of environmental protection, China's environmental protection system has been greatly improved, and laws, regulations, policies and standards are becoming more and more complete.

In response to the intensity of the past policies, a large area of policy implementation and implementation were implemented in 2018.

"Party and government responsibility, one responsibility and two responsibilities" is a major move in the reform of environmental protection system.

In the future, leaders of the party and government with leadership responsibilities in the local Party committees, government departments and their departments will become the key targets of environmental supervision.

That is to say, because of the mistakes in decision-making and the lack of political standing, leading cadres will bear the first responsibility for the damage to the ecological environment.

Chairman XI once pointed out: "we can't make a mess of a local environment, and then go off with a pat on the back.

In the future, these two policies are undoubtedly the most powerful rule of protecting the soil and water.

So before the environmental protection group came to a stop for a few days, the days when they left again were gone forever.

In conclusion, textile and clothing

Under the current new situation, we should speed up the paction and adjust the market distribution, especially the business ratio of the US customers, including other foreign customers to the US, or the price premium capability, increase the independent research and development efforts, improve the products and their competitiveness, so as to cope with the new situation.

Of course, in Europe and America.

At the same time, we should also pay more attention to the market of the "one belt and one way" area. These countries and regions have enjoyed the benefits of the "one belt and one way" initiative and have a very good impression and demand for Chinese products.

I believe that the status of China's largest textile trade is unmatched.